Salman bin Hamad Al-Khalifa

Salman bin Hamad Al-Khalifa

Bahrain’s Crown Prince

In 1999, Salman bin Hamad Al-Khalifa was sworn in as crown prince and appointed Bahrain’s Defense Force commander-in-chief. He was designated deputy prime minister in 2013 by his father King Hamad.

File details

HSBC internal records list Prince Salman as client since 2001. HSBC files show that he was beneficial owner of two client accounts: “Vision Macro Fund Ltd.” of which he had an 11 percent stake and “Vision Arbitrage Fund Ltd.” of which he had a 9 percent stake. The two client accounts linked him to at least 10 bank accounts that together held as much as $20.9 million in 2006/2007. Of this, his balance was of $2.2 million.

Comment

A spokesman for the Crown Prince said, “The Crown Prince invested in a regional hedge fund over which he exercised no control and obtained no tax advantage.”​

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